Monday, March 3
There was no major development on this day.
Tuesday, March 4
The United Kingdom's Revenue and Customs authority issued a compound settlement offer to a UK company worth GBP 374,326.07 for unlicensed exports of dual-use goods and failure to declare a licence to customs. (Here)
The U.S. Department of State designated Ansarallah (aka. Houthis) as a Foreign Terrorist Organization (FTO). (Here) The designation implemented section 3 of Executive Order 14175 of January 22, 2025.
OFAC imposed blocking sanctions against an Iran-based individual, who is allegedly the sole administrator of an online darknet marketplace, under the United States' counter narcotics sanctions program. (Here, and the Department of the Treasury's press release)
OFAC issued General License 41A under its Venezuela sanctions authorizing certain transactions related to Chevron's wind-down activities in Venezuela. (Herhttps://ofac.treasury.gov/media/934026/download?inline) This General Licences replaced General License 41 which authorized activities related to Chevron’s joint ventures in Venezuela. For more context, check this Reuters article on this topic.
China's Ministery of Foreign Commerce added 10 entities to its Unreliable entity list. (Here)
Wednesday, March 5
A day after the designation of Ansarallah as an FTO, OFAC issued six General Licenses authorizing limited activities involving Ansarallah and one FAQ related to this development: (Here)
Counter Terrorism General License 22A - Transactions Related to the Provision of Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates Involving Ansarallah;
Counter Terrorism General License 23A - Authorizing Transactions Related to Telecommunications, Mail, and Certain Internet-Based Communications Involving Ansarallah;
Counter Terrorism General License 24A - Authorizing Noncommercial, Personal Remittances Involving Ansarallah;
Counter Terrorism General License 25A - Authorizing the Offloading of Refined Petroleum Products in Yemen Involving Ansarallah;
Counter Terrorism General License 26A - Authorizing Certain Transactions Necessary to Port and Airport Operations Involving Ansarallah;
Counter Terrorism General License 28A - Authorizing Transactions for Third-Country Diplomatic and Consular Missions Involving Ansarallah; and
FAQ 1219 - Explaining the re-designation of Ansarallha and the relevant General Licenses.
OFAC also imposed blocking sanctions on seven high-ranking members of Ansarallah and affiliated operative and his company that "have recruited Yemeni civilians to fight on behalf of Russia in Ukraine and generated revenue to support the Houthis’ militant operations," under the United States counter terrorism sanctions program. (Here, the Department of the Treasury's press release, and the Department of State's press release)
OFAC imposed blocking sanctions on an individual and an entity in China for malicious cyber activity against the United States under the United States Cyber sanctions program. (Here, the Department of the Treasury's press release, and the Department of State's press release)
Thursday, March 6
OFSI removed 24 entities from the list of its sanctions targets that were designated under the UK's Syria sanctions regime. (Here, and press release)
OFAC replaced General License 5Q with 5R under its Venezuela sanctions program, changing the date of its application to July 3, 2025. (Here)
Friday, March 7
OFSI removed two entities, including Rosbank, from the list of its sanctions targets under its Russia sanctions regime. (Here) The UK government did not publish any press release explaining why Rosbank was delisted.
Recommendation of the Week
For this week I would like to recommend Center for New American Security's Sanctions by the Numbers: 2024 Year in Review.
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